Eurobodalla Rental Annual Growth Rate Powering Along

Carlene Franzen of South Coast Property Specialists said "If you have been following the real estate market you would know that house prices are hitting record highs across the country. Along with sales prices, rental prices are also setting record highs. "The “Domain Rent Report” has highlighted that national house rents have increased by 0.6% over the March quarter, bringing the median weekly asking rent to $471. During this period, most capital cities have seen median house rental asking prices hold steady or increase with the exception of Melbourne where house rents decreased by 2.3%.

"So, how did the Eurobodalla do? Well, brace yourselves……

"In NSW, the Eurobodalla came in second for rental annual growth increases, closely behind Byron Bay." Below is a brief summary of the leading areas in NSW:

Meanwhile in the property sales sector a two bedroom, one bathroom clifftop home in Malua Bay built 26 years ago by well respected local builder John Aust was sold last weekend for $1.4 million by Rob Routledge of LJ Hooker, Batemans Bay. The declared reserve was under one million dollars.

Photos and VIDEO: South Coast Pix